Fintech Farm Secures $32M Funding for Neobank Expansion
Fintech Farm, a fintech startup based in London, UK, recently secured $32 million in funding to support its mission of providing tools for creating neobanks in emerging markets. The funding round consisted of an initial Series B led by Nordstar, followed by an extension Series B round led by the London Stock Exchange-listed Bank of Georgia. With this financial boost, Fintech Farm plans to further expand its operations and broaden its business reach across different regions.
Founded by Dmytro Dubilet, Oleksandr Vitiaz, and Nick Bezkrovnyy, Fintech Farm offers a unique platform that allows traditional banks to establish and manage digital banks (neobanks) through a mobile application and a complete end-to-end tech stack.
The company specializes in developing credit engines and AI-powered credit models, creating data-driven customer acquisition and retention strategies, and offering customer services tailored for the digital age. Some of Fintech Farm's notable projects include Leobank in Azerbaijan, Liobank in Vietnam, and upcoming ventures in Kyrgyzstan and India by 2024.
As Fintech Farm continues to innovate and expand its services, it remains at the forefront of transforming the financial landscape in emerging markets. By empowering traditional banks with the tools and technology needed to establish neobanks, the company is driving greater financial inclusion and accessibility for individuals and businesses in regions like Asia and Central Asia. With the recent funding injection, Fintech Farm is well-positioned to accelerate its growth and make a lasting impact on the evolving fintech industry.
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